Consulting: Sure, Demand Down But Not for Big-Transformation Overhauls

 The media, always focused on negative news, keeps documenting the falloff in demand for management consultants. That's being reinforced on professional anonymous networks such as Fishbowl and Reddit. But missed is an undercurrent which Accenture explains. 

In general, yes, CEOs are being hit with the triple whammy of economic volatility, geopolitical complexity and changing consumer behavior. Because of that, they have put on hold contracting for those low-hanging-fruit discretionary projects. Primarily for that reason new bookings at Accenture are down 6%. 

However, Accenture adds that businesses are willing to invest funds in those big-transformation overhauls. 

It's becoming obvious that without ongoing disruption much of global business simply can't survive. That's the new news coming from players ranging from Warner Bros Discovery to Meta. 

Even the tradition-bound legal sector seems on the brink of mutation. For example, litigation work will probably flow from large law firms to boutiques. Processing M&A transactions is increasingly becoming a commodity. And as clients demand more generation AI leveraged in case management the billable hour at even elite law firms such as Paul Weiss and Skadden could shift to a fixed fee. In addition, the autonomy, power and influence of law firms are being re-shaped by the executive branch of government.

In coaching, I am noticing that even the small enterprise is becoming open to radical change in strategy and operations. Much of that involves experimenting with Gen AI tools. Using OpenAI's Deep Research it's possible to create predictive models. 

Rattled by the uncertainty? Faith-based Career Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry.



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